Paper Straw Market (By Material Type: Virgin Paper, Recycled Paper; By Product Type: Printed, Non-printed; By Straw Length: <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, >10.5 inches; By Market by End Use Applications: Foodservice, Institutional, Household) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Category : Chemicals and Materials | Delivery Format : PDF | Status: Published | Pages : 190

The global paper straw market is anticipated to grow at a CAGR of around 14.0% during the forecast period 2019 to 2026 and to reach around US$ 3.7 Bn by 2027.

Plastic waste is increasing across the globe and government is implying various regulations in order to control it and paper straw tends to be a better alternative to the plastic straw.

Market Dynamics

Government of developed and developing countries is imposing various rules and regulation related to use of plastic in food & beverage industry. With the growing plastic waste across the globe the government regulated the ban of single use plastic products. This is resulting in manufacturers focus on adoption of alternate material type which is a major factor expected to drive the growth of the global paper straw market. In 2019 the government of India passed a regulation related to ban on single use plastic products. Selling and marketing of plastic bags, cups, plates, small bottles, straws, and some sachets is prohibited.

High spending capacity among consumers, increase in spending on activities such as food & entertainment is resulting in increasing demand for straws from restaurants, coffees shops, etc. Service providers are focused on lowering the use of plastic based paper straws, along with governments parameter related to sell of plastic straws is among other factor expected to support the growth of target market. According to the law of the UK government bars and restaurants will not be allowed to display plastic straws or automatically hand them out but they will be able to provide them if people ask.

Moreover, major players focus on business expansion through joint venture and increase the production capacity is expected to impact the growth of the global market positively. Through joint venture players are focused on increasing the customer base which is expected to increase the company revenue. Establishment of new production facility overseas is expected to support the growing traction. In 2019, Huhtamaki opened its new, state-of-the-art foodservice packaging manufacturing facility in Northern Ireland. This unit is expected to manufacture paper straw and supply them across the Ireland and globally.

However, factors such as high cost associated to paper straw and availability of alternate straw making material are hampering the growth of the global market. In addition, consumer preference for paper straw is lowering due to it unpalatable taste of wet paper in the mouth is another factor expected to challenge the growth of the global market.

Product development by the major players, coupled with introduction of new innovative products at lower cost is expected to create new opportunities over the forecast period. In addition, business development activities through strategic merger and acquisitions in order to increase the profit ratio are expected to support the revenue growth of the market. In 2019, Huhtamaki acquired Mohan Mutha Polytech Private Limited (MMPPL), a privately-owned flexible packaging manufacturer located in Sri City, Andhra Pradesh, India.

Paper Straw Market Segment Analysis, 2019

The global paper straw market is segmented into material type, product type, straw length, end-use applications, and region. The material type segment is further bifurcated into virgin paper and recycled paper.

Segment Analysis by Region

The market in North America is expected to account for major revenue share due to stringent government regulation related to use of plastic straws. In addition, presence of major players operating in the country, coupled with new cost-effective product offerings is expected to further revenue support the market growth. Moreover, strategic merger and acquisitions activities in order to increase the business presence are expected to impact the market growth positively.

Asia Pacific is expected to witness faster growth in the near future due to increasing presence of straw manufactures due to easy availability of raw material and low cost labor.

Competitive Landscape

The competitive scenario is high due to presence of large number of players operating on global level and major players focus on tracking the untapped market in developing countries.

Report coverage

Market

 Global Paper Straw Market

Analysis Period

2016 – 2027

Base Year

2019

Forecast Data

2020 – 2027

Market Stratification

Material Type, Product Type, Straw Length, End use Applications, and Geography

Regional Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Report Coverage

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

 

The market research study on “Paper Straw Market (Material Type: Virgin paper and Recycled paper; Product Type: Printed and Non-printed; Straw Length; Straw Length: <5.75 inches, 5.75-7.75 inches, 7.75-8.5 inches, 8.5-10.5 inches, and >10.5 inches; End Use Application; Foodservice, Institutional, and Household) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global paper straw market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global paper straw market, its material type, product type, straw length, end-use applications segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global paper straw market size and segment markets by filament type segment, adhesive type segment, end use segment, and geography along with the information on companies operating in the market. The paper straw market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Footprint, Hoffmaster Group, Inc., Transcend Packaging Ltd., Huhtamaki Oyj, Fuling Global Inc., Tipi Straws, Canada Brown Eco Products Ltd, Bygreen, Soton Daily Necessities Co., Ltd., YuTong Eco-Technology Co., Ltd, Ningbo Jiangbei Shenyu Industry and Trade Co., Ltd., Royal Paper Industries, Shenzhen Grizzlies Industries Co., LTD, Lollicup USA, Inc., and Biopac Ltd.

Market Segmentation

Market by Material Type

  • Virgin Paper
  • Recycled Paper

Market by Product Type

  • Printed
  • Non-printed

Market by Straw Length

  • <5.75 inches
  • 5.75-7.75 inches
  • 7.75-8.5 inches
  • 8.5-10.5 inches
  • >10.5 inches

Market by End Use Applications

  • Foodservice
  • Institutional
  • Household

Market by Region

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Mexico
  • Rest if Latin America

Middle East & Africa

  • GCC
  • South Africa
  • Rest of Meddle East & Africa


Frequently Asked Questions

Acumen Research and Consulting predict that , the global paper straw market in 2027 was above US$ 3.7 Bn.

In the product segment the foodservice segment is growing at faster pace.

The CAGR of the global paper straw market from 2020-2027 is above 14.0%.

In the material type segment recycled paper is expected to grow faster.

Some of the players considered in the report scope are Hoffmaster Group, Inc., Transcend Packaging Ltd., Huhtamaki Oyj, and Fuling Global Inc.

The market in North America is expected to account for major revenue share due to stringent government regulation related to use of plastic straws.

Asia Pacific is expected to witness faster growth in the near future due to increasing presence of straw manufactures due to easy availability of raw material and low cost labor.

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